Overview: This page contains the latest trade data of Scrap Iron. In 2019, Scrap Iron were the world's 103rd most traded product, with a total trade of $35.5B. Between 2018 and 2019 the exports of Scrap Iron decreased by -15.1%, from $41.9B to $35.5B. Trade in Scrap Iron represent 0.2% of total world trade.
Exports: In 2019 the top exporters of Scrap Iron were United States ($5.52B), Germany ($3.49B), United Kingdom ($2.7B), Japan ($2.62B), and Netherlands ($2.53B).
Imports: In 2019 the top importers of Scrap Iron were Turkey ($5.19B), India ($3.34B), South Korea ($2.16B), Belgium ($1.76B), and Italy ($1.69B).
Tariffs: In 2018 the average tariff for Scrap Iron was 2.68%, making it the 1167th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Scrap Iron are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Algeria (12.4%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).
Ranking: Scrap Iron ranks 657th in the Product Complexity Index (PCI).
Description: Ferrous waste and scrap are used in the production of steel. They can be made from iron or steel, and can include slag, scale, and other waste from the production of iron or steel.